What a Blue House Does to Trump’s Economy

This Tuesday's election didn't quite end with the big, blue wave Democrats might have hoped for. But the flip from red to blue in the House of Representatives will change the political landscape and could affect fiscal policies. From financial regulations to trade to consumer protections to infrastructure spending — they’re all issues Democrats have been wanting to tackle following changes put in place by the Trump administration over the past two years.

For example, California representative Maxine Waters is expected to chair the House Financial Services Committee and that could mean more hearings featuring CEOs from the biggest banks, not to mention investigations into the finances of the president's family business.

This week on Money Talking, Charlie Herman talks to Sheelah Kolhatkar, staff writer at The New Yorker, and Joe Nocera, columnist for Bloomberg, about what the change in the House means for Wall Street and Main Street.

Democrats will now have control over powerful committees in the House, which could challenge the Trump administration's approach to banking, spending and trade.